Financial Transparency Coalition

The doors of international institutions can be very far away from many civil society organizations, both literally in terms of distance and expense to get there, and figuratively in terms of whether the international institutions know enough about the organization to extend an invitation to you. This leaves many civil society organizations around the world very much outside the process of international standard setting. I am pleased to report that you don’t need an invitation to attend the OECD’s consultation meeting on transfer pricing documentation and country by country reporting, set for November 12 and 13 in Paris. ...

Every year the OECD Development Assistance Committee publishes a report on resource flows to fragile states. This year’s report, Fragile States: 2013 Resource flows and trends in a shifting world, provides some fascinating insights into the future of global poverty, particularly among fragile states. Coupled with our understanding of illicit financial flows from developing countries,

The G20 Finance Ministers and Central Bank Governors met in Moscow this weekend, following the release of the OECD's report on Base Erosion and Profit Shifting (BEPS). That report, along with pieces of FTC's agenda money laundering, automatic information exchange and beneficial ownership made it into the communiqué released by the G20 representatives following their summit.

Today the OECD identified 15 policy action points and created a two-year timeline that it hopes will restore trust and fairness in what it concedes has become a flawed and discredited international tax system. The report, Action Plan on Base Erosion and Profit Shifting, recognises what the Financial Transparency Coalition (FTC) has known for years: That the integrity of the current global tax system has been undermined by multinational companies and their tax planners exploiting the boundaries of acceptable tax planning.